Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Cramer-off topic
Date: Wed, 31 Jul 2002 23:52:00 -0400
Previous Article (by Date): Re: [CANSLIM] DCOM - B/O rules michael_niemotka@baxter.com
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I try to follow the new law being crafted carefully, because of its potential effect on EPIQ. As I understand it, the biggest single difference it might cause is forcing the bankruptcy trustees, and the court, to look carefully at an applicant's "future ability" to pay the debts. Where it finds the ability to pay all, or some, of the indebtedness, it can keep the applicant in reorganization rather than approving liquidation (and forgiveness of all debts). This could force more cases to be settled in Chapter 11/13 rather than 7. As far as the shelter afforded by Florida, it is a problem that is well known, and has attracted several major cases where someone poured their entire net worth into a fully paid house, lived in it just over six months, then declared bankruptcy. About the only thing you can't get forgiven in bankruptcy is federal income taxes, so if you are ok there, then you can sell the house once your bankruptcy case is complete, and be back in cash. So far I have seen little effort on Florida's part to eliminate this shelter, so may ultimately depend on Congress to make the homestead exemption more standardized nationally. - ----- Original Message ----- From: "zillagirl" <zillagirl@email.msn.com> To: <canslim@lists.xmission.com> Sent: Wednesday, July 31, 2002 3:15 PM Subject: Re: [CANSLIM] Cramer-off topic That's what I mean. This guy on CNBC specifically said the new bankruptcy law being proposed would put a stop to that loophole. The marketwatch article specifically said it wouldn't. It made me feel like the guy on CNBC was trying to get people on the side of the new law by misquoting "just a little". - ----- Original Message ----- From: "Duke Miller" <dukemill@tampabay.rr.com> To: <canslim@lists.xmission.com> Sent: Wednesday, July 31, 2002 11:58 AM Subject: RE: [CANSLIM] Cramer-off topic > The laws relating to housing are state laws, not federal. Here in > Florida, we've become known as a haven for these jerks, because we have > a homestead law that says if you're homesteaded in Florida (reside in > your home here at least 6 months and one day)your home is protected from > any proceedings, like bankruptcy, except drug law violations. One of > our more notorious leading citizens who has taken advantage of this is > none other than OJ Simpson. So we've attracted a bunch like him who > before they're charged or found guilty put whatever millions they can > into a home. (I guess they then live the rest of their lives off the > proceeds of home equity loans!) > > Duke > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf Of zillagirl > Sent: Wednesday, July 31, 2002 1:34 PM > To: canslim@lists.xmission.com > Subject: Re: [CANSLIM] Cramer-off topic > > > I sometimes get the feeling CNBC doesn't care so much what is said as > long as the conversation keeps moving. They had a guest on yesterday > talking about the new bankruptcy laws-said it would stop all these CEOs > from building 20 million dollar houses and shielding them from > bankruptcy. Yet there was an in-depth article on the marketwatch site > yesterday about what is wrong with the new laws and one of the major > points was that these people would still be shielded while the little > people , out of work, in a recession would have less protection. > ----- Original Message ----- > From: "David Taggart" <dctag@mavericktrading.com> > To: <canslim@lists.xmission.com> > Sent: Wednesday, July 31, 2002 9:56 AM > Subject: RE: [CANSLIM] Cramer > > > > They both said it. Cramers old hedge partner endorsed WON's last book > > > 24 essential lessons and their fund was and Berkowitz's still is > > pretty > active > > in the high growth momentum stocks. But Kudlows comment was just > > funny, > he > > knows they only have so much time for the show and yet he asks a > > question that any WON student would know is a waste of time to ask but > > > oh well. > > > > -----Original Message----- > > From: owner-canslim@lists.xmission.com > > [mailto:owner-canslim@lists.xmission.com]On Behalf Of > > Spencer48@aol.com > > Sent: Wednesday, July 31, 2002 9:59 AM > > To: canslim@lists.xmission.com > > Subject: Re: [CANSLIM] Cramer > > > > > > Canslimmers: > > > > I can't believe how many people answered David's E-mail which > > said > that > > Kudlow said that he reads IBD. I saw the show, and am pretty certain > > it > was > > Kramer who said that he (Kramer) reads, and-in effect-is an avid > > follower > of > > WON's theories. > > > > Moreover, I thought I was a pretty apropos question. Not > > everyone subscribes to IBD and knows that WON doesn't pay much > > attention to PEs. Also, I was interested in hearing if WON has changed > > > his opinion on > "...not > > paying attention to PEs"-especially in regard to the earnings scandals > > > in the Bear market. > > > > jans > > > > > > In a message dated Mon, 29 Jul 2002 7:38:45 PM Eastern Standard Time, > > alensing@prodigy.net writes: > > > > > David: > > > > > > Great point! > > > > > > > > > ----- Original Message ----- > > > From: David Taggart > > > To: canslim@lists.xmission.com > > > Sent: Monday, July 29, 2002 7:29 PM > > > Subject: [CANSLIM] Cramer > > > > > > > > > Gotta love the P/E ? Kudlow asked WON about P/E he says I dont > > > really > pay > > attention to it. If he really reads the > > > paper why did he bother asking that question? > > > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or -"unsubscribe > > canslim". Do not use quotes in your email. > > > > > > - > > -To subscribe/unsubscribe, email "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or -"unsubscribe > > canslim". Do not use quotes in your email. > > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > > > > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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